https://www.taxtmi.com/caselaws?id=332943 The Tribunal dismissed the revenue's appeal against the deletion of an addition in Long Term Capital Gain, directing the Assessing Officer to accept the declared sale consideration for computing capital gains. The Cross Objection by the assessee was dismissed as barred by limitation. The judgment emphasized aligning valuation methods with the Income Tax Act provisions for accurate capital gains computation, stating that the fair market value determined by the DVO is not necessarily aligned with the full value of consideration under Section 48. en-us Fri, 19 Aug 2016 00:00:00 +0530 Fri, 30 Sep 2016 14:24:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332943 The Tribunal dismissed the revenue's appeal against the deletion of an addition in Long Term Capital Gain, directing the Assessing Officer to accept the declared sale consideration for computing capital gains. The Cross Objection by the assessee was dismissed as barred by limitation. The judgment emphasized aligning valuation methods with the Income Tax Act provisions for accurate capital gains computation, stating that the fair market value determined by the DVO is not necessarily aligned with the full value of consideration under Section 48. Case-Laws Income Tax Fri, 19 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332943